Second Tranche Advance definition

Second Tranche Advance means the Advance of the Second Tranche;
Sample 1Sample 2
Second Tranche Advance means one or more Advances of up to $15,000,000 made under the Term Loan after the First Tranche.
Sample 1Sample 2
Second Tranche Advance has the meaning ascribed to it in Section 5(h). “Second Tranche Call” has the meaning ascribed to it in Section 5(c). “Second Tranche Call Amount” has the meaning ascribed to it in Section 5(b). “Second Tranche Call Notice” has the meaning ascribed to it in Section 5(c).
Sample 1

Examples of Second Tranche Advance in a sentence

  • To request the Second Tranche Advance, Borrower shall notify Lenders by 3:00 p.m. Pacific time at least three business days before the date of the Advance, which will be a business day.

  • In addition to such interest payments, beginning on the earlier of (i) September 1, 2017 or (ii) the first day of the first month following the Amortization Trigger, Borrower shall make principal payments to Lenders of (i) $105,000, if Borrower has received only the First Tranche Advance, or (ii) $117,000 if Borrower has received the First Tranche Advance and the Second Tranche Advance.

  • Prior to the issuance of a Borrowing Notice for the Second Tranche Advance, the Borrower shall have satisfied or fulfilled all conditions precedent set out in Section 6.3 and provided to the Lender all documentation contemplated therein, and the Lender shall have confirmed to the Borrower in writing the satisfaction and fulfillment of the conditions precedent set out in Section 6.3 and the Lender’s satisfaction with all documentation delivered in connection therewith.

  • On the funding of any part of the Second Tranche Advance, Borrower shall pay the remaining $100,000 of the Facility Charge.

  • Prior to the Effective Time, the Company shall satisfy all of its notification requirements under the terms of each outstanding and unexercised Company Warrant and each Company Warrant shall be treated in accordance with its terms.

  • Buyer shall deliver to the Company all other agreements, documents, instruments or certificates that each is required to deliver, and take all actions Buyer is required to take, as may be reasonably required by the Company (without limiting the generality of the foregoing, Buyer shall execute any escrow release notice required for the release of the Second Tranche Advance under the Escrow Agreement).

  • To request the Second Tranche Advance, Borrower shall notify Lender by 3:00 p.m. Pacific time at least three business days before the date of the Advance, which will be a business day.

  • Lxxxxx’s obligation to fund the Second Tranche Advance is conditioned upon Lxxxxx’s receipt of evidence reasonably satisfactory to Lender that Borrowers’ consolidated revenue determined in accordance with GAAP for the two calendar quarters ending on September 30, 2022 and December 31, 2022 is at least 90% of Borrowers’ projected revenue for such quarters set forth in Borrowers’ Financial Projections that are in form and substance reasonably satisfactory to Lender.

  • The Company and ATB had on 27 August 2005 entered into the Advance Agreement, and had subsequently on 21 December 2005 entered into a supplemental agreement to amend the terms of the Advance Agreement, pursuant to which ATB had agreed to disburse to the Company a principal sum of S$24,668,010, which is equivalent to the Subscription Consideration, by way of two tranches, namely the First Tranche Advance and the Second Tranche Advance.

  • Pursuant to the terms of the Advance Agreement, each of G15 and Arisaig have as conditions precedent to the disbursement of the Second Tranche Advance given irrevocable undertakings to ATB to vote in favour of the allotment and issue of the Subscription Shares to ATB at the EGM.

Related to Second Tranche Advance

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Equipment Advance is defined in Section 2.1.1.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Revolving Advance has the meaning given in Section 2.1.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Term Loan has the meaning specified in Section 2.01(b).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.